1.  Overview the trade of HUNGARY in goods current year until 202011

According to Dalian Infobank, in 202011, HUNGARY's exports and imports of goods amounted to 23694.6756 million, and were up 13.89% comparing with the same period of last year. Among these, exports were up 16.88% at 12257.4379 million, and imports were up 10.85% at 11437.2377 million. And the corresponding trade surplus was 820.2002 million and up 383.61%.

During the current year until 202011, HUNGARY's total exports and imports of goods were 215356.3046 million and were down 5.34% comparing to the same period of last year. Among these, exports were 110013.1206 million and down 4.65%; imports were 105343.1840 million and down 6.04%. The total trade surplus was 4669.9366 million and up 42.75%.

If considering by country (region), GERMANY, AUSTRIA, SLOVAKIA, CHINA, POLAND were HUNGARY's top five trading partners. During the current year until 202011, HUNGARY's imports and exports to five countries/territories were 56254.4587 million, 11226.6932 million, 10907.5216 million, 10853.4060 million, 10448.2361 million. These values correspond to 26.12%, 5.21%, 5.06%, 5.04%, 4.85% of HUNGARY's imports and exports, and, respectively, were down 5.75%, down 10.15%, down 5.89%, up 16.57%, down 6.65% comparing to the same period of last year.

Current year until 202011, HUNGARY and the top five trade partners GERMANY, SLOVAKIA, ROMANIA, ITALY, AUSTRIA are the top five countries/territories that HUNGARY exports to in terms of the total export amount. During the current year until 202011, HUNGARY's exports to these five countries/territories were 31032.7328 million, 6021.2939 million, 5866.8445 million, 5626.0279 million, 5037.1929 million. These values correspond to 28.21%, 5.47%, 5.33%, 5.11%, 4.58% of HUNGARY's exports and, respectively, were down 3.71%, down 2.66%, down 1.43%, down 4.14%, down 8.68% comparing with the same period of last year.

Current year until 202011, HUNGARY's exports to top five countries/territories GERMANY, CHINA, AUSTRIA, POLAND, NETHERLANDS are the top five countries/territories that HUNGARY imports from in terms of the total export amount. During the current year until 202011, HUNGARY's imports from these five countries/territories were 25221.7259 million, 9292.0743 million, 6189.5003 million, 5961.1940 million, 5330.5200 million. These values correspond to 23.94%, 8.82%, 5.88%, 5.66%, 5.06% of HUNGARY's total imports and, respectively, were down 8.15%, up 18.87%, down 11.31%, down 5.47%, down 8.58% comparing with the same period of last year.

During the current year until 202011, the trade surplus of HUNGARY was mainly from GERMANY, ROMANIA, UNITED KINGDOM, SPAIN, ITALY at 5811.0070 million, 3055.6254 million, 1841.9618 million, 1346.3701 million, 1314.1154 million, and up 21.81%, up 6.80%, down 8.00%, down 4.96%, up 18.27%. And the trade deficits were mainly from CHINA, SOUTH KOREA, POLAND, NETHERLANDS, AUSTRIA at 7730.7427 million, 3413.2876 million, 1474.1519 million, 1452.7307 million, 1152.3074 million, and up 22.25%, up 28.02%, up 3.86%, down 22.71%, down 21.22%.

Current year until 202011, HUNGARY's trade surplus or deficit with top five countries/territories During the current year until 202011,  commodities with hs2 codes, 85, 84, 87, 30, 39, were HUNGARY's top five traded commodities. They correspond to the import and export values of 50441.1736 million, 33748.3040 million, 26780.8620 million, 13019.9046 million, 8905.8299 million, which were down 0.17%, down 8.18%, down 12.10%, up 19.79%, down 4.65% comparing with the same period of last year and account for 23.42%, 15.67%, 12.44%, 6.05%, 4.14% of HUNGARY's total imports and exports.

During the current year until 202011, 85, 84, 87, 30, 39 were HUNGARY's top five traded commodities, with total import and export values of 27124.3996 million, 17483.7926 million, 16408.2837 million, 6910.9982 million, 4073.1967 million. These values correspond to 24.66%, 15.89%, 14.91%, 6.28%, 3.70% of HUNGARY's total exports and, respectively, were up 2.94%, down 8.27%, down 13.02%, up 15.28%, down 3.71% comparing to the same period of last year.

During the current year until 202011, 85, 84, 87, 30, 27 were HUNGARY's top five traded commodities, with total import values of 23316.7740 million, 16264.5114 million, 10372.5783 million, 6108.9064 million, 6087.2910 million. These values correspond to 22.13%, 15.44%, 9.85%, 5.80%, 5.78% of HUNGARY's total exports and, respectively, were down 3.56%, down 8.08%, down 10.61%, up 25.32%, down 36.65% comparing to the same period of last year.

2. Current year until 202011, HUNGARY binational trade profile

According to Dalian Infobank, during the current year until 202011, HUNGARY-China binational exports and imports of goods amounted to 10853.4060 million and were up 16.57% comparing with the same period of last year. Among these, exports from HUNGARY to China were 1561.3316 million and up 4.53%, imports from China to HUNGARY were 9292.0743 million and up 18.87%. The total binational trade deficit was 7730.7427 million and up 22.25%.

During the urrent year until 202011, commodities with hs2 code, 85, 84, 90, 63, 87, were binational trade's top five traded commodities. They correspond to import and export values of 4375.9668 million, 1992.8001 million, 1464.4688 million, 285.2810 million, 245.6864 million and makes up 40.32%, 18.36%, 13.49%, 2.63%, 2.26% of the total binational imports and exports. These values were also up 2.06%, up 0.88%, up 219.24%, up 718.68%, up 8.70% comparing to the same period last year.

During the current year until 202011, 85, 84, 90, 30, 95 were the top five traded commodities exported to China from HUNGARY, with export values of 449.7830 million, 350.4810 million, 112.0917 million, 105.8577 million, 60.6451 million. These values account for 28.81%, 22.45%, 7.18%, 6.78%, 3.88% of HUNGARY's total exports and were down 3.83%, up 31.22%, down 2.29%, down 3.94%, up 17.94% comparing to the same period of last year.

During the current year until 202011, 85, 84, 90, 63, 29 were HUNGARY's top five traded commodities importing from China , with import values of 3926.1838 million, 1642.3191 million, 1352.3771 million, 283.2315 million, 211.6703 million. These values account for 42.25%, 17.67%, 14.55%, 3.05%, 2.28% of HUNGARY's total imports and were up 2.78%, down 3.87%, up 293.12%, up 736.82%, up 4.44% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat